EXDVX vs. DMREX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and DFA Municipal Real Return Portfolio (DMREX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. DMREX is managed by Dimensional. It was launched on Nov 3, 2014.
Performance
EXDVX vs. DMREX - Performance Comparison
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EXDVX vs. DMREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | -0.69% | 4.30% | 0.41% | 4.10% | -5.83% | 0.16% | 5.73% | 5.10% | 0.65% | 2.37% |
DMREX DFA Municipal Real Return Portfolio | 1.10% | 2.77% | 3.10% | 2.56% | -1.42% | 6.75% | 4.11% | 6.64% | -0.51% | 2.57% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly lower than DMREX's 1.10% return. Over the past 10 years, EXDVX has underperformed DMREX with an annualized return of 1.40%, while DMREX has yielded a comparatively higher 2.77% annualized return.
EXDVX
- 1D
- 0.19%
- 1M
- -2.25%
- YTD
- -0.69%
- 6M
- 0.60%
- 1Y
- 3.40%
- 3Y*
- 2.10%
- 5Y*
- 0.55%
- 10Y*
- 1.40%
DMREX
- 1D
- -0.04%
- 1M
- 0.42%
- YTD
- 1.10%
- 6M
- 1.08%
- 1Y
- 2.58%
- 3Y*
- 2.54%
- 5Y*
- 2.70%
- 10Y*
- 2.77%
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EXDVX vs. DMREX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than DMREX's 0.24% expense ratio.
Return for Risk
EXDVX vs. DMREX — Risk / Return Rank
EXDVX
DMREX
EXDVX vs. DMREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and DFA Municipal Real Return Portfolio (DMREX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EXDVX | DMREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 2.31 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.38 | 3.35 | -1.97 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.62 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.90 | -1.83 |
Martin ratioReturn relative to average drawdown | 4.54 | 9.38 | -4.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXDVX | DMREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.31 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.10 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.88 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.86 | -0.31 |
Correlation
The correlation between EXDVX and DMREX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EXDVX vs. DMREX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than DMREX's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | 2.18% | 2.26% | 1.87% | 1.67% | 0.61% | 6.02% | 1.69% | 2.81% | 1.38% | 1.25% | 1.10% | 0.86% |
DMREX DFA Municipal Real Return Portfolio | 3.30% | 2.95% | 3.55% | 1.96% | 1.16% | 0.98% | 1.44% | 2.26% | 1.54% | 1.32% | 1.15% | 1.09% |
Drawdowns
EXDVX vs. DMREX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, roughly equal to the maximum DMREX drawdown of -13.22%. Use the drawdown chart below to compare losses from any high point for EXDVX and DMREX.
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Drawdown Indicators
| EXDVX | DMREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -13.22% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -0.92% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -5.33% | -3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | -13.22% | +3.93% |
Current DrawdownCurrent decline from peak | -2.25% | -0.32% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -0.89% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.29% | +0.55% |
Volatility
EXDVX vs. DMREX - Volatility Comparison
Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has a higher volatility of 0.78% compared to DFA Municipal Real Return Portfolio (DMREX) at 0.49%. This indicates that EXDVX's price experiences larger fluctuations and is considered to be riskier than DMREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | DMREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.49% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.71% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.17% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 2.47% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 3.14% | -0.18% |